Michel Bauwens: I very strongly believe this is one of the key solutions for climate change mitigation, and more generally, about creating ‘circular finance’ mechanisms, i.e. rewarding generative, rather than extractive activity. Capitalism rewards extractive activities, but has a great structural difficulty in financing generative impacts. One of the potential solutions are ‘circular finance’ mechanisms, in which positive and generative ‘externalities’ can be recognized, valued and finaned by those benefitting from it. For example, the French Community Land Trust movement ‘Terre des Liens’ has calculated that the greater the number of organic farmers in a territory, the less the government water agencies have to spend on filtering water, but there is no mechanism to actually recognize these benefits in a straightforward way. Enter Regen, which wants to recognize positive impacts on the soil as carbon absorber, confirm the verification on a ledger, tokenize this value and finance the tokens. It’s a market solution, but unlike carbon trading, it creates an open permissionless system so that all players can participate in proving their impact.
Regen Network: Catalyzing regeneration
There may be nothing of more critical importance today than the regeneration of the world’s ecosystems. Regen Network is a global community and platform focused on ecological monitoring and regeneration. By improving our understanding of the state of our land, oceans and watersheds, and enabling rewards for verified positive changes, Regen Network catalyses the regeneration of our ecosystems.
For More Information, visit regen.network
Video reposted from Vimeo.com